Nigeria, Fri. April 17, 2026
President Bola Ahmed Tinubu has formally signed into law Nigeria’s 2026 Appropriation Bill, approving a record ₦68.32 trillion budget designed to drive economic stability, infrastructure expansion, and inclusive growth across the country.
The newly enacted budget outlines a comprehensive spending framework, with ₦4.799 trillion allocated for statutory transfers and ₦15.8 trillion dedicated to debt servicing. Recurrent expenditure accounts for ₦15.4 trillion, while a substantial ₦32.2 trillion—representing nearly half of the total budget—has been committed to capital and development projects.
The heavy emphasis on capital expenditure signals the administration’s strategic focus on revitalising infrastructure, strengthening national security, and boosting productivity in key sectors of the economy. Government officials say the allocations reflect a deliberate effort to balance fiscal responsibilities with long-term investments that directly impact citizens’ quality of life.
In a parallel move, the President also signed an amendment bill extending the implementation period of the 2025 budget’s capital component from March 31 to June 30, 2026. The extension is expected to allow Ministries, Departments, and Agencies (MDAs) to complete ongoing projects and ensure optimal utilisation of already appropriated funds.
According to the presidency, this measure is particularly targeted at critical infrastructure initiatives that are nearing completion but require additional time for delivery. It is also intended to improve project execution rates and enhance value for public spending.
With the 2026 fiscal plan taking effect from April 1, the Federal Government is set to commence full-scale implementation aligned with its broader economic reform blueprint. President Tinubu has directed all MDAs to adhere strictly to principles of transparency, fiscal discipline, and efficiency in executing the budget, with a strong emphasis on timely delivery and value for money.
The President also acknowledged the role of the National Assembly in ensuring the swift passage of the budget, commending lawmakers for what he described as diligence and patriotism.
He stressed that continued collaboration between the executive and legislative arms remains essential to achieving Nigeria’s development goals.
Reaffirming his administration’s priorities, Tinubu assured Nigerians of sustained efforts to deepen fiscal reforms, improve revenue generation, and channel investments into sectors capable of stimulating economic growth, creating jobs, and strengthening social safety nets nationwide.
